Hi,
I have a question pertaining to renewal of COE for commercial vehicle and the lifespan expiry date of the vehicle.
Scenario : The commercial van's COE is expriing in Mar 2017 (van registered in Nov 1998, COE was renewed once in Mar 2007 for 10 years). The lifespan expiry date is Nov 2018.
If I renew the COE in Mar 2017 by 5 years with the lifespan expiring in Nov 2018, it will mean that I must deregister the vehicle by Nov 2018.
Question:
1. Can I renew the COE given that the lifespan expiry date is in Nov 2018?
2. In this case, does LTA refund back the unused portion of the COE to me upon deregistration?
3. Is it worthwhile to do so? The condition of the van is very good and it is a waste to scrap in Mar 2017.
Appreciate feedback from fellow members here. I understand can call LTA hotline to check, but it is always good to hear out different opinions.
Thanks !